facebook
Traded Co logo
Submit
Daily limit: 0/10

Mike Iryami Acquires Multifamily Property On West 84th Street For $2M

Property Image
SOLD
$2,000,000

Texas

See Similar Deals
MultiFamily6,480 SF
Sold 05/24/2024
the dealplayerscompscontact
Property Image
SOLD

Mike Iryami Acquires Multifamily Property On West 84th Street For $2M

MultiFamily6,480 SF
Sold 05/24/2024
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$308
Total Square Footage:6,480 SF
Transaction Type:Sale

A multifamily property spanning 0.3 acres located at 315-319 West 84th Street in Los Angeles was successfully sold. The property, with a total of 6,480 square feet, was acquired for $2 million at a price per square foot of $309. The buyer, represented by Mike Iryami of BRC Advisors, purchased the property, while the seller was represented by Juan Cardenas of Re/Max Commercial & Investment Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 315-319 West 84th Street
  • Market: Los Angeles
  • Square Footage: 6,480
  • Price Per Square Foot: $309
  • Buyer's Rep: Mike Iryami - BRC Advisors
  • Seller's Rep: Juan Cardenas - Re/Max Commercial & Investment Realty

BRC Advisors' Mike Iryami facilitated the purchase of the multifamily property at 315-319 West 84th Street on behalf of the buyer. On the seller's side, Juan Cardenas of Re/Max Commercial & Investment Realty played a key role in representing the seller in this transaction.

Players

Juan Cardenas
1 deal$2M volume(562) 587-5494
BROKER

Details

SOLD
IMAGE: Juan Cardenas DATE: 05/24/2024 ADDRESS: 315-319 West 84th Street MARKET: Los Angeles ASSET TYPE: Multifamily ~ ACRES: 0.3 BUYER'S REP: Mike Iryami - BRC Advisors SELLER'S REP: Juan Cardenas - Re/Max Commercial & Investment Realty (@Remax) SALE PRICE: $2,000,000 SF: 6,480 ~ PPSF: $309 NOTE: BRC Advisors' Mike Iryami represented the buyer in acquiring a multifamily property at 315-319 West 84th Street, Los Angeles, for $2 million. The seller was represented by Juan Cardenas of Re/Max Commercial & Investment Realty.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24